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Basic Question 1 of 3
When buying a bond, one must pay the _____ price.
II. clean
III. full
I. dirty
II. clean
III. full
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe how fixed-income forwards and futures are priced, and calculate and interpret their no-arbitrage value;
CFA® 2025 Level II Curriculum, Volume 5, Module 31.